Allstate Corp Increases Holdings in Jacobs Solutions Inc. $J

Allstate Corp increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 101.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,891 shares of the company’s stock after purchasing an additional 4,474 shares during the period. Allstate Corp’s holdings in Jacobs Solutions were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Jacobs Solutions by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after acquiring an additional 7,072 shares during the period. Citigroup Inc. raised its stake in Jacobs Solutions by 34.2% during the third quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after acquiring an additional 35,380 shares during the period. Kepler Cheuvreux Suisse SA acquired a new stake in Jacobs Solutions during the fourth quarter worth about $2,161,000. Northwestern Mutual Wealth Management Co. raised its stake in Jacobs Solutions by 737.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after acquiring an additional 140,179 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Jacobs Solutions by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock worth $92,575,000 after acquiring an additional 73,567 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Shannon Miller sold 1,440 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the transaction, the president directly owned 25,344 shares of the company’s stock, valued at $3,399,390.72. This represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Manuel J. Fernandez acquired 253 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the transaction, the director directly owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

J has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Citigroup raised their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $169.00 target price on shares of Jacobs Solutions in a report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.40.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $119.98 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50-day simple moving average is $123.46 and its 200-day simple moving average is $132.77. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The firm has a market cap of $14.17 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. Jacobs Solutions’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is 44.72%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.